Aemetis Q3 2023 net income $30.7M on $63M IRA tax credit sale; debt repayment $50.2M

AEMETIS, INC

Revenue $68.7M; net income $30.7M ($0.79 diluted EPS) includes $55.2M cash from sale of IRA investment tax credits.
Repaid $50.2M to senior lender in October; invested $18.6M in capital projects in first nine months of 2023.
India biodiesel capacity expanded to 60M gallons/year; closed second $25M USDA loan for 8 dairy digesters.
Received Use Permit and CEQA approval for 90M gallon/year SAF/RD plant in Riverbank, CA.
Carbon capture well permit from California; construction planned H1 2024.

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